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Monday, December 23, 2024 | 06:15 AM ISTEN Hindi

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Cement stocks firm; ACC, Grasim, UltraTech can rally up to 11%, charts show

The present scenario hints a strong momentum in the cement stocks, wherein shares of ACC, Grasim and UltraTech Cement are claiming new uncharted territory with firm volumes

Shree Cement
Premium

Cement Stocks

Avdhut Bagkar Mumbai
The benchmark indices, BSE Sensex and Nifty 50 seem to struggle around the 60,000 and 18,000 levels respectively. This sentiment has dented the positive bias and market participants are becoming furious about their trading positions.

The present scenario hints of a strong momentum in the cement stocks, wherein shares of ACC Ltd, The Grasim Industries Ltd  and UltraTech Cement Ltd are claiming new uncharted territory with firm volumes.

ACC Ltd (ACC)
Likely target: Rs 2,800
Upside potential:  10%

The shares of ACC Ltd conquered the major selling pressure range of Rs 2,550 to Rs 2,450 levels. In addition,

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